NCS Multistage Holdings Read from its own SEC filings · nothing written, nothing inferred

🫧 Edgar looked up NCS Multistage Holdings, Inc.. Last filing: 8-K (1.02 Termination of a Material Definitive Agreement), 2026-09-01. 8 event filings (8-K) in the past twelve months.

🔖 Exposure: revenue $183.6M (FY2025), total debt $7.6M. Experience: revenue up 13.0% on the year, up 11.6% a year over 4 years; operating margin 5.7%, up from 2.7%. Soundness: equity 69.7% of assets, return on equity 20.6%. Credibility: four or more audited years, reasonable weight. Range: 80% of past cases like this landed between $159.8M and $242.8M next year (method v4.1: its own 4-year record of growth weighed at 50% against $100M–1B filers; across 2019–2025, 69.0% landed inside, 83.4% on the one year the method never saw). In a shock year the stress range is $143.8M to $271.1M. A statistical range, not company guidance. Against peers (15 filers, $50M+ revenue, oil & gas field services, nec): operating margin 5.7% against a 5.0% median; growth 13.0% against -2.3%.

Next year, 80%$160M–$243M
Growth, on the year13.0%
Operating margin5.7%
Equity of assets69.7%
Credibility50%
Track record5 of 7
NCS Multistage Holdings, Inc. against its own record and its peers
Operating marginPeer median 5.0%5.7%Revenue, on the yearPeer median -2.3%13.0%Equity of assetsPeer median 49.0%69.7%Return on equityPeer median 4.7%20.6%Gold tick: the median of 12–16 peers with $50M+ revenue in oil & gas field services, nec
Handed back now, or kept to compound · of each dollar of profit
Handed back per share$0

Gold paid out, navy kept. Kept share × return on equity = the growth it can fund itself. Facts from the filings, not a recommendation.

Speed and cash · fiscal 2025

Cash Compass🌊 In between · no clear cash pattern yet
Inside viewTurns 12.1% of revenue into operating cash; revenue growing 5.7% a year over three years; no common dividend.
Outside viewAmong $100M-1B companies: 57th percentile for cash, 49th for growth. cash growth

Both views must agree for a label · a description, not advice.

Cash flow (op · inv · fin · free)$22M · −$6M · −$5M · $21M
Investment book (cash · short · long)$37M · — · — · current ratio 4.27
Revenue swing · equity of assets14.9% · 69.7%

NCS Multistage Holdings is growing slower than its size class, with revenue that swings more. Its own audited SEC figures.

The figures, as filed

Fiscal year end2025-12-31
Revenue$184M
Revenue, on the year13.0%
Revenue, a year over the record11.6%
Operating margin5.7%
Operating margin, prior year2.7%
Net margin14.2%
Research and development$2M · 1.1% of revenue
Total debt$8M
Equity of assets69.7%
Return on equity20.6%
Payout of profit—
Dividend per share$0
Earnings per share$9.17
Book value per share$45.97
Revenue per share$66.87
Shares outstanding2,746,000
Audited years read5

Peers: the median of 15 filers with $50M+ revenue in oil & gas field services, nec.

Health HarborNCS Multistage Holdings sails as: Sound ship

Health watch · 12 monthsExchange listing notice or transferDirector or officer change

Sailing speed follows growth: 5.7% a year crosses the harbor in 63 seconds.

🌊 Visit the Bay →
  • slow and jumpy: growing slower than its size class, with revenue that swings more

Boat condition = number of warning signs: a serious warning filing in 12 months; liabilities over assets; slow and jumpy; negative operating cash; an 80% revenue range of ±25% or wider. A picture of the signs, not a rating and not investment advice.

Recent filings

Figures are as filed in audited 10-K reports and can move with restatements, acquisitions, disposals or a change in fiscal year. A range set from how past company-years turned out is not a promise about the next one, and says nothing about the share price. Reporting, not investment advice. No price targets and no trading recommendations. Figures from the SEC’s own data · every filing · this page as JSON · ask about another company

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Data & Disclosure Notice: Edgar and Edgarette are automated software. Every figure on this page is calculated by software from public filings made by companies and funds with the U.S. Securities and Exchange Commission (EDGAR) and is published without individual human review. The accuracy and completeness of those filings are the responsibility of the filers; reports can contain errors and can be amended. Figures are shown as filed and as of each filing's date, and this page may be corrected or updated without notice. Ranges, expected returns, rankings, boats and other measures are statistical descriptions of past filings, not ratings, price forecasts, company guidance or recommendations; past results do not guarantee future results. This is general information published for all readers, not advice tailored to any person's portfolio, needs or circumstances, and nothing here is financial, investment, actuarial, legal, tax or other professional advice. Actuaries and other professionals who use these figures remain responsible for reviewing them for reasonableness and consistency against the original filings and for disclosing their reliance on them. No company, fund or reinsurer pays to be included or ranked. Provided as is, without warranty of any kind. Not affiliated with or endorsed by the SEC or by any company, fund or reinsurer named. All trademarks remain the property of their owners.